U.S. Stocks Close Higher, Virgin Galactic Falls Over 30%, MSTR Up 3.18%
June 13 — According to Bitget market data, U.S. stocks ended Friday’s trading session higher: The Dow Jones Industrial Average climbed 0.7%, the S&P 500 Index added 0.5%, and the Nasdaq Composite Index advanced 0.3%.
SpaceX (ticker: SPCX.O) made its public market debut on Friday, surging 19% to close at $161.1. The company’s total market capitalization hit $2.1 trillion, making it the sixth-largest publicly traded firm in the U.S.
In other aerospace stocks, Virgin Galactic (SPCE.N) plunged more than 30% while Rocket Lab (RKLB.O) dropped over 10%.
On the tech front, Arm (ARM.O) rose 11% and Intel (INTC.O) gained 6.5%.
Cryptocurrency-linked concept stocks showed mixed performance: MicroStrategy (MSTR) increased 3.18%, Circle Internet Financial (CRCL) fell 5.77%, Coinbase Global (COIN) edged down 0.42%, BMNR declined 2.54%, SBET picked up 1.47%, and PURR climbed 2.47%.
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Iranian Foreign Minister: Iran-US Mutual Understanding Memorandum May Be Signed Remotely in a Few Days, Nuclear Issue to Be Discussed in Future Negotiations
June 13 — According to Iranian media, Iranian Foreign Minister Araghchi said that should the final phase of negotiations wrap up successfully, the Iran-U.S. memorandum of understanding (MOU) will be signed and announced immediately. The initial stage will be signed remotely and electronically, possibly as early as the next few days.
Araghchi stressed that the deal has not been formally executed, and its terms remain subject to change. Once the final agreement is reached, he will provide detailed explanations for each clause. He pointed out that this interim deal is only the first step: if the agreement cannot be implemented, follow-up nuclear talks will not move forward, with the full nuclear issue reserved for later stages.
Araghchi revealed that the U.S. has pledged in the MOU to avoid waging war, refrain from threatening the use of force, commit to respecting Iran’s sovereignty, and adhere to non-interference in Iran’s internal affairs. He stated this marks the first time in 47 ye
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U.S. Official: U.S. and Iran Close to Reaching Agreement, Will Sign in the Coming Days
WASHINGTON, June 13 (Reuters) – A senior U.S. official told reporters on Friday that the United States and Iran have not yet finalized an agreement to resolve their bilateral conflict, but the two sides are very close to striking a deal, with Washington expected to sign off on the pact in the coming days.
“The negotiating team has positioned us in a very strong spot, but we haven’t crossed the finish line yet—we’re still very much in the home stretch,” the official said. He outlined key terms of the proposed memorandum of understanding (MoU): reopening the Strait of Hormuz, lifting the U.S. blockade on Iranian ports, and destroying Iran’s highly enriched uranium on-site before shipping it out of the country.
The official clarified that Iran will not receive any benefits solely for signing the MoU or for participating in the negotiations. “They’ll only get economic rewards once they meet their obligations under the agreement,” he explained. “If they transfer nuclear material as promis
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Iranian Foreign Ministry: Iran is reviewing the draft Memorandum of Understanding
June 13 — According to CCTV, Iranian Foreign Ministry spokesperson Bagaei stated local time on June 12 that Iran and the U.S. have reached an understanding on most issues, and Iran is in the final stages of finalizing the text of the memorandum of understanding. As such, Iranian Foreign Minister Araghchi’s earlier remark that “the two sides are very close to reaching an understanding” is accurate and noteworthy.
Meetings of relevant decision-making bodies are underway, marking an ongoing process. To secure a final, definitive outcome, consensus must be reached among these decision-making bodies and relevant departments. Bagaei added that various speculations about the content of the agreement’s text have not been confirmed. Although specific details of the diplomatic process are not convenient to discuss publicly at this time, this does not mean the public is not entitled to be informed.
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The UAE has reportedly agreed to release up to $20 billion to Iran, with the first tranche of over $3 billion already received.
On June 13, Reuters, citing multiple sources, reported that the United Arab Emirates (UAE) has agreed to release between $100 billion and $200 billion to Iran. The first installment, reportedly more than $30 billion, has already been transferred, the sources added. This arrangement is advancing alongside U.S.-Iran negotiations aimed at resolving their ongoing conflict. As part of the deal, Iran has pledged to halt missile and drone attacks targeting the UAE, boost intelligence sharing, and expand economic cooperation between the two nations.
The exact origin of the funds remains unclear, and it is not yet confirmed whether the money comes from the UAE’s own resources or from Iranian assets that have long been frozen in UAE banks or other locations. UAE officials responded to the reports by stating their country is committed to easing regional tensions and supporting all parties—including the U.S.—in advancing lasting peace and stability in the Middle East.
Informants told Reuters tha
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SpaceX's stock rose 19% on its first day of trading, surpassing a $2 trillion market cap to become the sixth largest company in the United States.
On June 13, SpaceX made its highly anticipated debut on the Nasdaq, soaring in value to surpass a $2 trillion valuation. The trading launch went more smoothly than many industry observers had projected. The stock began trading Friday morning, climbing 15% to 30% above its Thursday IPO offering price for most of the day with minimal volatility. By the market close, the stock was priced at roughly $161, a 19% gain, catapulting SpaceX to the spot of the sixth-largest publicly traded company in the U.S. The official final settlement price has not yet been determined.
Trading volume for the session topped 500 million shares, with total transaction value hitting around $800 billion. Ahead of this launch, market analysts had expressed concerns that an influx of new stocks — including upcoming IPOs from Anthropic and OpenAI, coming after a prolonged dry spell in new listings — would drag down overall market performance. However, by the end of the day, investors across the board, from major in
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